Turkey Trade Gap Rises 5% YoY in June


Turkey's trade deficit rose by 5 percent to $6.559 billion in June of 2016, compared to a $6.249 billion gap a year earlier. Exports went up 8.1 percent to $12.9 billion, due to higher sales of manufacturing products (+94.3 percent). Meanwhile, imports rose 7 percent, mainly boosted by increase in purchases of intermediate goods (+65.7 percent), capital goods (+20.8 percent).

Exports went up 8.1 percent to $12.9 billion, due to higher sales of manufacturing products (+94.3 percent), agriculture and forestry (+3.2 percent), mining and quarrying (+2 percent). The main partner country for exports was Germany ($1.20 billion), the United Kingdom ($1.1 million) and the US ($629 million).

Imports rose 7 percent to $14.7 billion, boosted by increase in purchases of intermediate goods (+65.7 percent), capital goods (+20.8 percent), consumption goods (+13.3 percent). The top import partners were China ($2.6 billion), Germany ($2.2 billion), the US ($1.7 million) and Russia ($1.4 billion).

In the first half of 2016, the trade deficit narrowed 16 percent to $27.9 billion from $33.3 billion in the same period of 2015, as exports fell 2.4 percent while imports declined at a faster 6.7 percent.

Turkey Trade Gap Rises 5% YoY in June


Turkstat l Mojdeh Kazemi | mojdeh@tradingeconomics.com
7/29/2016 12:06:39 PM